Ford Motor Company on Wedneday reported net income of $US417 million, or 22 cents a share, for the second quarter of 2003, down over 27% compared with net income of $570 million, or 29 cents a share, in the second quarter of 2002. Ford made pre-tax profits of $718 million during the second quarter of 2003, compared with pre-tax profits of $1 billion in the second quarter of 2002.